New launch condo units are still moving fast, despite the increasingly higher prices. If you’ve been keeping a close watch over the numbers, it is quite shocking to see how quickly the units have moved. There were a few condos that you might think were in a little bit of a sticky situation at the beginning of 2022, but today.
Executive condominiums (ECs) are pretty popular right now, but there are not many unsold units in the market. Currently, new ECs that have been launched are: Ola, North Gaia, Parc Canberra, Parc Central Residences, Parc Greenwich, Piermont Grand, Provence Residence. We did a quick check on URA Realis and found that out of these new launch ECs, as of July.
As condos come close to their five-year ABSD time limit, homebuyers and investors start to pay more attention. There’s every chance that, with a handful of units left, the developer will decide to give deep discounts rather than pay a steep tax. There are no guarantees, but for those looking out for such deals here are some developments that are.